Forge Auto International Past Earnings Performance
Past criteria checks 3/6
Forge Auto International has been growing earnings at an average annual rate of 44.2%, while the Auto Components industry saw earnings growing at 23.2% annually. Revenues have been growing at an average rate of 17.1% per year. Forge Auto International's return on equity is 32.1%, and it has net margins of 3.7%.
Key information
44.2%
Earnings growth rate
47.3%
EPS growth rate
| Auto Components Industry Growth | 16.7% |
| Revenue growth rate | 17.1% |
| Return on equity | 32.1% |
| Net Margin | 3.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
No updates
Recent updates
No updates
Revenue & Expenses Breakdown
How Forge Auto International makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 1,802 | 67 | 114 | 0 |
| 31 Mar 23 | 1,767 | 50 | 84 | 0 |
| 31 Mar 22 | 1,329 | 26 | 94 | 0 |
| 31 Mar 21 | 1,096 | 16 | 45 | 0 |
Quality Earnings: FORGEAUTO has high quality earnings.
Growing Profit Margin: FORGEAUTO's current net profit margins (3.7%) are higher than last year (2.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if FORGEAUTO's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare FORGEAUTO's past year earnings growth to its 5-year average.
Earnings vs Industry: FORGEAUTO earnings growth over the past year (34.8%) exceeded the Auto Components industry 20.9%.
Return on Equity
High ROE: Whilst FORGEAUTO's Return on Equity (32.14%) is high, this metric is skewed due to their high level of debt.